Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block trading transaction worth EGP 236.25 million on the shares of Egyptian Resorts Company.
The deal was caried out on 105 million of Egyptian Resorts’ shares, according to a stock exchange disclosure.
During the first nine months (9M) of 2022, Egyptian Resorts reported consolidated net losses of EGP 84.85 million, a surge from EGP 4.33 million in the corresponding period in 2021.
As for the standalone businesses, the company shifted to net profits of EGP 528.38 million in the January-September 2022 period, against net losses of EGP 17.75 million in the prior-year period.
